Real Estate Investing

SheReadyLLC

The Cash Flow Game

There is one book that almost all real estate investors have read and that’s “Rich Dad Poor Dad” by Robert Kiyosaki. That book alone has given so many people the drive to think about money differently and strive to gain emancipation from their 9-5 jobs.

I, myself have read the book several times. Believe it or not, I have had the book in my possession since 2000. Had I read it sooner, I probably would be a millionaire by now, but I’m not going to dwell on that.

Instead, I want to turn my focus to the game that kind of goes with the book. It’s called Cash Flow. It’s literally Monopoly and the game is Life in one.

I started playing it online at richdad.com in 2018 and I could not figure out how the game worked at all and I was always the last one out of the rat race.

However, in 2019, it finally clicked and I knew exactly what I was doing wrong. I wasn’t educating myself enough to be a well rounded investor and therefore would often make bad deals and lose money or I was buying stocks high so when it was time to sell, I was losing money or I wasn’t taking risks and missing out on deals because I didn’t want to be in more debt.

Today, I play the game as a reminder to keep pushing. So when I’m bored or I’m feeling stuck on something, that is my go to game.

If you are reading this, I encourage you to play the game. You can play alone or with other players. I suggest playing solo first so you can take your time and read the cards.

If you do decide to play, I’d love to hear about your experience. Leave me a comment and let me know your thoughts.

SheReadyLLC

Pre-Bidding at Tax Lien Auctions

She Ready!!

With any tax lien auction, I’m always planning ahead of time. I try to give myself a few weeks so that I can research properties and perform my due diligence.

I refuse to repeat the same mistake I did last year so I stay on top of deadlines and check the website daily just to make sure there are no new updates. Most platforms will email you if there are changes or updates so no worries if you don’t have time to check the website daily before the auction starts.

There is a tropical storm headed towards the gulf coast area soon. I received an email from the company that is in charge of the auction stating to take advantage of the pre bidding feature because the auction is happening whether they are affected by the storm or not.

I was already planning to pre bid anyway, but it’s nice to have that reminder. With that being said, I’ve already completed my research and I’m ready to start placing my bids tomorrow.

SheReadyLLC

I was DENIED one time.

Instructions letter

Did you know that as a Housing Choice Voucher Program vendor, you can request an increase every year on the rent amount?

Well if you didn’t know. I’m here to tell you that you can request an increase in payment.

I learned this from my property manager who also rents to people in this program and has much more experience with it than I do.

What she didn’t tell me or what I didn’t ask was how to go about doing it so when I sent the email requesting an increase it was DENIED.

It was denied because I didn’t list some information shown in the picture of this article and it wasn’t mailed in with a signature.

I ended up writing a letter on paper with the information they wanted and I got approved for my increase that I requested.

Everyone is happy especially me because now I feel I’m starting to receive an adequate amount for the amount of work that was put into that property.

SheReadyLLC

The GOVERNMENT didn’t pay me!

No Check on the 1st

As a landlord for a Housing Choice Voucher Program (formally called Section 8) tenant, I never expected to hear what I heard today.

Yes, I know that we are living in days of uncertainty and overwhelming madness, but everyone knows the government pays their bills and usually on time.

So what happened…

COVID 19 happened! That’s what happened. The regional office is closed due to an outbreak and since it’s unknown how many people the person with COVID 19 came into contact with, everyone was sent home and will be returning on Monday.

I’m in shock! Not because I don’t understand the severity of COVID 19, but because I didn’t know these payments were not automated. Someone has to manually enter this information. I totally thought they had a software system to manage this. Yep, I still have some learning to do.

If this is not a wake up to people. I don’t know what it will take. Not only should we all be investing or providing services and goods to each other, but we can’t have only one thing. There needs to be multiple baskets, even if those baskets only have one egg in each of them.

As I write this post, it’s a reminder for me stay focused on my goals and to keep moving forward and I want others to do the same.